Los Angeles daily herald., 1887-01-18
EASTERN.
Charles Francis Adams on
the U. P. Railway.
GEN NERAL HAZEN DEAD.
General Robinson Restrained from
Taking His Seat as Lieutenant
Governor of Indiana.
Special to the Herald by the Associated Press.

Especial to the Herald by the Associated Press
BosToN, January l7.-President Ad
ans, OF the Union Pacific railroad com
pany, has addressed letter to the
chairman of the House Committee OF
Pacific Railroads, of which the follow
ing is copy:
BosToN, Mass, January II. 1887.
Hon. j. w. Throckmorton, Chairman oi
the Committee ON Pacific Railroads,
United States House of Representa-.
tives, Washington, ID. c.:
DEAR SIR:-l see by the papers that
the House of Representatives is now
considering the expediency of an inves.
tigation into the past history and money
transactions of the Pacific railroads, and
the preliminary and final adjustment OF
the financial relations between those
companies and the Government. 1t has
also been asserted that the companies
will strive to avoid such an investiga.
ton. do not want the position of the
Union Pacific upon this point to be mis-
understood. While as matter of bus
mess expediency the company is most
anxious to reach final settlement with
the Government, it does not bear any
investigation of its affairs which may be
ordered. 1t will do nothing to prevent
or avoid one. During the last fifteen
years the Union Pacific Railroad Com.
pany has been more frequently
and thoroughly investigated than
any other business corporation on
earth (nvppniftans &c H.
reported on it; Secretaries of the Interior
and Railroad Commissioners have inves.
tigated its accounts; a succession of
boards of government directors have
taken part in its management and scrut.
inized its every act; its books and
records have been analysed by the De.
partment of Justice and the Court of
Claims. So far as have been able to
discover there is nothing connected with
It's affairs or its history which Congress
and the country does not know or can
not learn from the printed record. If
under these circumstances further inves-
tigation is deemed necessary, the present
management will facilitate that investi-
cation by all the means in its power.
Those connected with it only ask that
any investigation may be trusted to men
of character, standing and intelligence
to the end that it may put stop for
ever to those vague and scandal us as
sertions which are now made the pre-
text for further delays, affording infinite
possibilities for stock manipulation. The
interests of thousands, and whole re-
gions of country thus become the foot.
ball of any schemer or gambler who has
access to the columns of some journal
willing to increase its circulation by
setting forth forgotten scandals of
ancient history as new and startling
disclosures. What the Union Pacific
as a business corporation does OBJ.
ject to is that delay which
will keep it and its securities
in position to be dandied to and fro
between Wall street and Washington,
the prey of intriguers and speculators.
The government of the United States is
by far the largest creditor of the Union
Pacific, which as debtor is at once will
ing and able to pay in full if dealt with
on recognized business principles, and
thinks it not unfair to ask its principal
creditor not to let itself be used by CON-
petitors and stock jobbers as an instru.
ment with which to injure its business
resources and impair the credit of its
debtor, from whom payment of the last
penny is still to be exacted. 1 respect
fully but confidently submit that to
allow itself to be so used is neither JUS
tice nor business, ncr fair play. l have
the honor to be,
(Signed) CHARLES f. ADAMS,
RraSidant